Thatch raises $108M Series C at $1B valuation

Thatch raised $108 million in Series C funding at a $1 billion valuation, reported September 15, 2026. The health-benefits platform operates an ICHRA marketplace letting employers fund individual coverage via defined budgets. Co-founded in 2021 by Chris Ellis and Adam Stevenson, the company follows a $40 million Series B about 17 months earlier.